A PYMNTS Company

EU: France’s scheme for very high speed broadband approved

 |  November 9, 2016

European Union antitrust regulators on Monday approved France’s 13 billion euro ($14.39 billion) scheme to roll out very high speed broadband across the country, saying it did not unduly distort competition.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    “With these plans all French households and businesses will have access to high speed broadband by 2022. The plans also give more choice in suppliers,” Margrethe Vestager, the EU competition commissioner, said in a statement.

    The French scheme, known as Plan Tres Haut Debit, will fund local authorities’ infrastructure projects to deploy next-generation access networks ensuring fixed line connections of at least 30 megabits per second.

    The European Commission said the scheme did not breach the bloc’s state aid rules because support would be granted in areas where no private investment is planned and competitors would have access to the subsidized networks.

    Full Content: Reuters

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.